Streetwise

Correct This!

Some market pros think consumer stocks have seen their best days. Time to switch to tech?

Corrections remedy errors and excesses. The stock market might be in the midst of one, with stocks slipping 2.4% from recent highs. Going with that flow, here are other fiercely held assumptions that also need correcting:

1. The global economy is in dire straits. After all, Europe's recession is worsening, and China's electricity production and rail-freight volume are faltering. Copper and crude oil are plumbing 2013 lows, and a...